CONTENTS 
CHAPTER V PAGE 
PurpPoSE oF THE Loans . . TRB aT sw SOY 
1... The Work of the Advisory Council... . . . . . . o2 
Il. Expressed PurposesoftheLoans. . . . . . . . . 100 
III. Productive versus Unproductive Loans . . . . . . . 123 
CHAPTER VI 
CREDIT INSTRUMENTS . . . . , 5A ain ey er i 
I. Types of Securities . . ol oa ely. Eh 
II. Provisions as to Registration . . . . ah 
11. i Denominations: ti. 00 EEE SET TLE Tay 
IV. Distribution of Bonds . . = . . Sl 1136 
CHAPTER VII 
Provisions GOVERNING PAYMENT . . . . . . 144 
1. Place of Payment. Su BE J Ad 
11. ‘Currency in which Payable," F*" IECRSEIES PF Jie Se = 106 
III. Obligations in Event of War . | Ht ea A YY 
IV. Discrimination against Individual Bondholders. . . . . 115 
V. Tax Provisions . . EEE... 152 
CHAPTER VIII 
OPTIONAL AMORTIZATION . EE RR PT ty ru LAS 
1. Terms of Optional Amortization © .@ .F =F oF = . .7. 159 
1." Procedure 0-0 5 A Ray a le 0S 
ITI. Actual Redemption before Maturity . JX UL ed 
CHAPTER IX 
CoMPULSORY AMORTIZATION . . . . . . . . . . . . 181 
1." Serial Bonds. a A. Let S183 
II. Sinking Fund Bonds : RL oo 186 
CHAPTER X 
YIFID TO/SUBSCRIBER '. = 'e = s Yoifs = Rr A 
YT. Interest ate Or dd a Tn at a a a (iat 24D 
TL. iPriceiof Issue or or a reir ull A os ROA 
III. Yield Rate . . BENE Ce LAT NT ON te PE 
IV. «Additional Interest Warrant ‘oii. Wn a 0 0, 239 
VY. Stock PurchaseiWarrant =. -ia hr 0 00 0 0 OF OL N60 
CHAPTER XI 
PROVISIONS FOR SECURITY «1s, ie = so vs = Rev 2D 
1. Loanto Corman Republic ite iin a in 4 ie mie thie il 0 273